Nigeria, Benin, Cameroon Move to Link Customs Data
By Oluwakemi Kindness Nigeria, Benin and Cameroon are developing a digital Customs data-sharing system to reduce border delays, eliminate duplication and facilitate cross-border trade. The Nigeria Customs Service (NCS) disclosed this in a statement on Sunday by its spokesperson, Abdullahi Maiwada, following discussions with the African Export-Import Bank (Afreximbank) and Customs authorities from the two […]
FG, States, LGs Share N2.43tn September Revenue
By Oluwakemi Kindness The Federal Government, states and local governments have shared N2.428 trillion in revenue generated in September 2026, as statutory revenue increased while Value Added Tax (VAT) receipts declined. The Office of the Accountant-General of the Federation disclosed this in a statement on Thursday following the October meeting of the Federation Account Allocation […]
UN Proposes $14bn Budget for 2027
By Sofiat Adenekan-Abdul United Nations Secretary-General António Guterres has proposed a $14 billion budget for 2027 to support the organisation’s work on global peace, sustainable development and human rights. Guterres presented the proposal in New York to the General Assembly’s budget committee, chaired by Nigeria’s Permanent Representative to the UN, Senator Jimoh Ibrahim. Ibrahim described […]
IMF Warns Nigeria Against Restoring Petrol Subsidy
B: Mardiyyah Abubakar The International Monetary Fund (IMF) has urged the Federal Government not to restore a blanket petrol subsidy, recommending targeted support for vulnerable households affected by rising fuel prices. The Fund warned that broad fuel subsidies place pressure on public finances, cost governments significant revenue and often benefit higher-income consumers more than poorer […]
Oyedele: Cash Transfers Reach Over 10m Households
By Oluwakemi Kindness Finance Minister Taiwo Oyedele says Nigeria’s cash transfer programme has reached more than 10 million households. Oyedele disclosed this on Wednesday at the Africa’s Golden Future Forum in Bangkok, Thailand, while highlighting measures to protect vulnerable Nigerians from the effects of economic reforms. He said more than 1.5 million students have also […]
NSITF Urges Staff to Improve Service Delivery, Public Trust
By Chinedu Echianu The Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Oluwaseun Faleye, has urged staff to improve service delivery and strengthen public trust through consistent professionalism and customer care. Faleye gave the charge on Tuesday in Abuja, while flagging off the 2026 Customer Service Week celebration at the Fund’s headquarters. He […]
Nigeria, AfDB to Review Projects, Tackle Delivery Delays
By Oluwakemi Kindness Nigeria and the African Development Bank (AfDB) have agreed to review the Bank’s project portfolio in the country to identify implementation bottlenecks and accelerate delivery. The Federal Ministry of Finance disclosed this in a statement following a meeting between the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and […]
FG, World Bank Push for Better Returns on Public Spending
By Oluwakemi Kindness The Federal Government and the World Bank Group have stressed the need for public spending to deliver measurable economic and social benefits, identifying power infrastructure and human capital as investment priorities. The position followed a meeting between Finance Minister Taiwo Oyedele, Central Bank of Nigeria Governor Olayemi Cardoso and World Bank Group […]
FG Moves to End Multiple Fees, Overlapping Regulations
By Oluwakemi Kindness The Federal Government is moving to eliminate duplicate regulatory requirements, multiple fees and unnecessary procedures imposed on businesses by government agencies in a bid to reduce operating costs and attract investment. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the plan during a meeting with heads of agencies […]
Fitch Revises Nigeria’s Outlook to Positive on Reforms
By Oluwakemi Kindness Fitch Ratings has revised Nigeria’s credit outlook to Positive from Stable, citing stronger foreign reserves, moderating inflation and sustained economic reforms. The agency retained Nigeria’s long-term credit rating at ‘B’, saying further improvements will depend on continued progress. The Federal Ministry of Finance announced the decision in a statement signed by Minister […]